Here is a list of top 10 stocks that will be in focus today:
Adani Power: The company said it would seek shareholders’ approval for the proposed related party transaction 5,000 crore with Adanikonex Pvt Ltd during its Annual General Meeting on July 27. The transaction involves sale of its SPV/subsidiaries by Adani Power.
Tata Motors: The Bombay High Court on Tuesday upheld the decision of the Brihanmumbai Electric Supply and Transport (BEST) undertaking that had disqualified the bid from supplying electric buses priced at Tata Motors. 2,450 crores.
Biocon: The company’s arm Biocon Biologics has said that its Bengaluru-based manufacturing plant has received EU GMP certification from the Health Products Regulatory Authority of Ireland following a GMP inspection in April.
Marico: The FMCG major has reported volume decline in its India business in the “mid-single digits” during April-June. The performance was particularly affected due to sharp fall in Saffola Oils. Excluding Saffola Oils, India business registered marginal volume growth. Parachute coconut oil posted a slight decline, Marico said.
Tata Power: The company has signed a Memorandum of Understanding (MoU) with the Government of Tamil Nadu to invest approx. 3,000 crore for setting up greenfield 4 GW solar cells and 4 GW solar module manufacturing.
Westlife Development: ICICI Prudential Life Insurance Company has sold its 2.02% stake in the Indian fast food restaurant holding company, reducing its stake from 7.15% to 5.13%.
Hindalco/Vedanta: Two firms and several companies in the Middle East have expressed interest in Coal India’s proposed aluminum project in Odisha, two officials familiar with the matter told Mint, adding that the world’s largest coal producer has recently asked for equity partners in the project. Expression of Interest (EoI) is invited. Bauxite mining, an alumina refinery and aluminum and an associated coal preparation plant.
NTPC: The state-owned power major said its coal production rose 61 per cent to 42.40 lakh metric tonnes in the April-June quarter, from 26.40 lakh metric tonnes (MT) in the same period a year ago. Pakri-Barwadih (Jharkhand), Dulanga (Odisha) and Talaipalli (Chhattisgarh) have contributed in achieving coal production.
Bajaj Finance: The lender has booked 74 lakh new loans in the April-June quarter as against 46 lakh a year ago. Consolidated core AUM rose 31% to Rs 2.04 trillion. Deposit up 22% 34,100 crore till June 30.
Tata Steel: The company said its consolidated steel production remained stable at 7.66 million tonnes (MT) during the April-June quarter of the current fiscal. The Company’s consolidated sales during the said period declined 4 per cent to 6.53 MT from 6.83 MT in the year-ago quarter.